TIB - December 1994

Policy statements

Certifying NZ taxpayer as a taxable person in order to recover VAT refund from Economic Community
Details to be supplied to Inland Revenue when seeking a deduction for payments to spouse
GST and debt collection services
Assessability of lump sum and pension payments made to employees and past employees
Revocation of qualifying company election - payment of qualifying company election tax
GST general time of supply rules - receipt of deposits
Gift duty - exemption for maintenance or education of relatives
GST - zero-rating of goods sold to persons departing NZ
Specified superannuation contribution withholding tax (SSCWT) - correction
Fidelity fund levies - GST implications clarified

Legislation and determinations

Depreciation rates - dispenser fittings
Depreciation - new asset classes and rates for medical equipment, medical laboratory equipment and scientific and general laboratory equipment

Questions we've been asked

Legal decisions - case notes

I.C. Baillie v CIR: Whether purchase of land for subdivision qualifies for conveyance duty exemption
TRA 91/69: Whether transfer of land was part of a taxable activity
TRA 92/16: Alienation of income from law partnership
AA Finance v CIR: Whether sale of Government stock by a finance company is assessable income
Norfolk Apartments v CIR: Whether GST input credits claimable on development of a retirement village